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Target
Target
MOST ADMIRED
Top 50 rank: 22
Rank in General Merchandisers: 2
(Previous rank: 2)
Overall score: 6.92
Why it's admired
To combat slowing sales, the cheap chic discount retailer reduced inventory and cut costs. In an effort to compete with Wal-mart, Target aggressively cut prices. Steady revenue growth and increasing profits have helped the company's stock climb 85% in the past year to $51.

Last May, the company's board successfully defended itself from a takeover attempt by hedge fund activist William Ackman. These moves collectively impressed the business community -- much as its hip wares still draw stylish bargain-hunting shoppers. --C.T.

Should Target be admired, or what?
Headquarters
1000 Nicollet Mall
Minneapolis, MN 55403
612-304-6073
www.target.com
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The Most Admired list is the definitive report card on corporate reputations. Our survey partners at Hay Group start with about 1,400 companies... More
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